Store Corporate Payroll Answer Book, 2020 Edition
Payroll Answer Book, 2019 Edition by Deborah Ellis Timberlake Arrow Electronics ,Patrick McKenna Payroll Answer Book, 2019 Edition by Deborah Ellis Timberlake Arrow Electronics ,Patrick McKenna

Payroll Answer Book, 2020 Edition

By Deborah Ellis Timberlake, Patrick McKenna
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Payroll Answer Book

Payroll Answer Book gives payroll professionals guidance on the steps they need to take to comply with the laws and regulations governing payroll. From both a legal and practical standpoint, broad and deep coverage is given to the payroll implications of the wage and hour law and how to handle the federal employment taxation of benefits offered to employees.

Detailed information is provided on computing and paying payroll taxes, how to handle garnishments and other deductions, how to determine whether workers are employees or independent contractors, what records must be kept, what the benefits and disadvantages of direct deposit of employees’ wages are, how to treat sick pay, how to handle a merger or acquisition, what to ask when employees work abroad, and how the payroll department can protect employees’ data. In addition to answering the full range of payroll questions, the Payroll Answer Book contains abundant examples that illustrate necessary calculations.

The 2020 Edition of Payroll Answer Book brings the payroll professional up to date on the latest federal law and regulatory changes with many updates related to COVID-19:

Some of the many highlights include:

  • Safe harbor rule for de minimis errors
  • Department of Labor issues Rule 17A, the long-awaited rules for overtime.
  • COVID-19 paid sick and family leave relief for employers
  • How COVID-19 affects Form 941
  • COVID-19 impact on unemployment benefits and taxes
  • New Form 1099-NEC for nonemployee compensation
  • Increased penalties for unfiled 1099-NEC (formerly 1099-MISC)
  • Updated guidelines for CPEO (Certified Professional Employer Organization) reporting
  • Increase in age, from 701/2 to 72, for required minimum distributions
  • (RMDs). However, COVID-19 legislation suspends the RMD requirement for 2020
  • Rules for retirement distributions paid due to COVID-19
  • Final rules for hardship distributions from 401(k) plans
  • Update on state rules around tipped employees
  • DOL announced proposed rule for tip credit
  • DOL issued Final Rule to eliminate the restriction that on-call employment situations must be infrequent or sporadic to be excludable from employee’s regular rate of pay calculation
  • DOL issued Final Rule related to which benefits paid to an employee can
  • be excluded from the regular rate of pay
  • Lowering of threshold for filing Forms W-2 electronically
  • Accelerated due date for filing Forms W-2
  • Employers may voluntarily truncate employees’ SSNs on Forms W-2
  • How to complete the 2020 W-2 Form
  • COVID-19 legislation allows employers to temporarily treat the payment of qualified education loans as educational assistance
  • COVID-19 effect on retirement plan loans
  • Guidelines for substitute Forms W-2 and 941
  • Update on states that have passed paid family leave legislation
  • The trend of legislation regarding data privacy
  • Impact of the GDPR on the Privacy Shield Agreement
  • Recommendation when testing payroll implementation globally
  • 2020 FICA exclusion amounts for election workers and household workers
  • IRS’s intent to eliminate the combined income tax withholding and employee FICA tax withholding tables
  • Due dates for filing 2020 Forms 941
  • And much more! 

Note: Online subscriptions are for three-month periods.

Previous Edition: Payroll Answer Book, 2019 Edition, ISBN: 9781543811520¿

Pages 1332
Last Updated 07/27/2020
Update Frequency Annually
Product Line Wolters Kluwer Legal & Regulatory U.S.
ISBN 9781543818857
SKU 10044753-0004
Publish Frequency Annually
Product Line Wolters Kluwer Legal & Regulatory U.S.
SKU 000000000010048466
Table of Contents

1. Overview

  • New Employees
  • Wages
  • Deposits
  • Other Depositors
  • Guidance
  • Latest Developments

2. Computing Tax Withholding

  • Employer Responsibilities
  • Federal Insurance Contributions Act
  • The Additional Medicare Tax
  • Federal Income Tax Withholding
  • Form W-4
  • Withholding Methods
  • Additional Withholding Requirements
  • Supplemental Wage Payments
  • Wage Payments to Family Members
  • Indians and Gaming Profits
  • Special Employer Classifications
  • Tipped Employees
  • Independent Contractors
  • Backup Withholding
  • Earned Income Credit
  • The Common Paymaster
  • Taxation and Reporting for the Deceased
  • Penalty Assessment
  • Disregarded Entities
  • Getting IRS Assistance

3. Federal Unemployment Insurance

  • Employers Defined
  • Wages Subject to FUTA Tax
  • Special Classes of Employment
  • Calculating FUTA Tax
  • Controlling Unemployment Costs
  • Title XII Loan
  • Paying FUTA Taxes
  • Form 940: Employer’s Annual Federal Unemployment (FUTA) Tax Return
  • Penalties
  • Financing State Benefits
  • Benefit Eligibility

4. Depositing and Reporting Federal Income and FICA Taxes

  • Employer Identification Number
  • Deposit Schedules and Deadlines
  • Electronic Deposits
  • Filing Requirements
  • Form 941
  • Corrections to Form 941
  • Form 943
  • W-2 Forms
  • Tip Reporting for Large Food or Beverage Establishments
  • Corrections to Form W-2
  • Form W-3
  • Penalties
  • Special Reporting Situations

5. Direct Deposit

  • Processing Direct Deposit
  • State Laws and Regulations
  • Common Concerns for Employers and Employees
  • Pay Cards
  • Mobile ACH Payments
  • International Payments

6. Employees and Independent Contractors

  • Independent Contractors
  • Worker Classification
  • Employee Status
  • Specific Occupations and Industries
  • Statutory Classifications
  • Misclassification of Workers
  • Section 530 of the Revenue Act of 1978
  • Classification Settlement Program
  • Voluntary Classification Settlement Program
  • Tax Court Review
  • Assistants of Independent Contractors
  • Temporary Workers
  • Benefit Plans
  • Leased Employees

7. Garnishment and Other Deductions

  • Overview of Federal Garnishment Law
  • Child Support Orders
  • Medical and Spousal Support
  • New-Hire Reporting
  • Multiple Garnishments
  • Student Loans
  • Administrative Wage Garnishment (AWG)
  • Pay Periods
  • Federal Tax Levies
  • Voluntary Wage Assignments
  • Fair Labor Standards Act

8. The Fair Labor Standards Act

  • Coverage—Jurisdiction
  • Exemptions
  • How to Achieve Compliance
  • Penalties
  • Federal Government Contracts
  • Other Laws Affecting Employer-Employee Relationship
  • Equal Pay Act
  • WARN Act

9. Benefits Treated as Compensation

  • Fringe and Employee Benefits: General Overview
  • Withholding Requirements: Taxable Fringe Benefits
  • Reporting of Fringe Benefits
  • Reimbursements for Business Expenses
  • Accountable Business Expense Reimbursement Plans
  • Achievement Awards
  • Adoption Assistance
  • Advances and Loans
  • Athletic Facilities
  • Awards, De Minimis
  • Back-Pay Awards
  • Bonus Payments
  • Cafeteria Plans
  • Cellular Phones
  • Chauffeur Services
  • Club Dues
  • Company Aircraft or Vehicles
  • Dependent Care
  • Director Fees
  • Disability (Insured) Benefits
  • Domestic Partner Benefits
  • Eating Facilities
  • Educational Assistance
  • Employee Business Expenses
  • Employer Payments to an Employee’s Estate
  • Family and Medical Leave Act
  • Flexible Spending Accounts
  • Frequent Flyer Miles
  • Fringe Benefits
  • Gifts to Employees
  • Golden Parachutes
  • Group-Term Life Insurance
  • Health Care Benefits
  • Idle-Time Payments
  • Income Tax Services
  • Interviewee Expenses
  • Jury Pay
  • Leave Sharing
  • Legal (Group) Benefits
  • Life Insurance (Non-Group-Term Insurance and Split-Dollar Insurance)
  • Long-Term Care Benefits
  • Meals and Lodging
  • Medical Savings Accounts
  • Moving Expenses
  • Nondiscrimination Requirements
  • Nonqualified Deferred Compensation
  • Outplacement Services
  • Pension and Profit Sharing Plans
  • Scholarships and Fellowships
  • Severance Pay
  • Spousal Travel
  • Stock and Stock Options
  • Supplemental Unemployment Benefits
  • Tax-Deferred Annuities
  • Taxes (Employees’ Share) Paid by Employer
  • Tool Allowances
  • Transportation Fringe Benefits
  • Tuition Reduction Benefits
  • Uniform Allowances
  • Workers’ Compensation Benefits
  • W-2 Reporting for 2014

10. Sick Pay

  • Federal Income Tax Withholding
  • FICA and FUTA Taxes
  • Forms W-2 and W-3
  • Employee-Paid Benefits
  • State Disability Insurance Plans

11. Required Recordkeeping and Record Retention

  • FLSA Record Retention
  • IRS Employment Records
  • I-9 Record Retention
  • Other Federal and State Requirements
  • Machine-Sensible Records
  • Employee Privacy Concerns in Recordkeeping
  • Summary of Retention Requirements

12. Mergers, Acquisitions, Divestitures, and Other Business Restructurings

  • Federal Payroll Rules for Statutory Mergers and Consolidations
  • Federal Successor Employer Rules
  • Transactions Outside the Successor Employer and Statutory Merger Rules
  • Partnerships and Disregarded Entities
  • FICA Exemptions for Nonprofit Organizations in M&A Events
  • Federal Employer Identification Numbers
  • Filing Forms 1099 Series in an M&A Event
  • State Issues for M&As
  • Qualified Retirement Plans
  • Federal CP 253 and CP 102 Notices and Other Agency Inquiries in Context of Change of Ownership
  • Compensation Benefits
  • Administration and M&A Events

13. Global Payroll

  • Expatriates
  • Legal Requirements
  • Employment Contracts
  • Time Reporting
  • Payment of Wages to Foreign Workers
  • Benefits
  • Time Off
  • Taxes
  • Year-End Processing
  • Accountability

14. Data Privacy

  • Payroll and Data Privacy
  • Data Classification and Flow Mapping
  • Data Governance
  • Physical Security
  • Data Life Cycle Management
  • Technology Considerations
  • Breach of Data
  • Awareness and Education
  • Data Privacy and Other Laws
  • Third-Party Service Providers
  • Cloud Computing
  • Global Payroll Data Protection


  • Directory of State Labor Departments
  • Directory of State Agencies Dealing with Income Tax Withholding
  • State Employment Security Agencies Dealing with State Unemployment Insurance Tax Programs
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